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Question...

Sir, I have approached Axis bank for Loan but got rejected due to poor banking history in CIBIL. How I can find out why this history has come. Iam very prompt in paying my loans and credit card payments.Once standard chartered bank approached me for insurance coverage through my card but I declined after some time they told that the premium id due. I have never given green signal for the same.
Please advise how to get rid of the same.

Answer...

You can ask for your credit report from the bank that rejected your loan application. The report will outline what exactly is reported by the bank in respect
to your credit account and enable you to take action. It
will necessarily disclose the facts regarding your credit history, like
delayed payments in the past, dues settled without write-offs on the
part of the bank.

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Date : Apr 13, 2009

Question

Sir, I have approached Axis bank for Loan but got rejected due to poor banking history in CIBIL. How I can find out why this history has come. Iam very prompt in paying my loans and credit card payments.Once standard chartered bank approached me for insurance coverage through my card but I declined after some time they told that the premium id due. I have never given green signal for the same.
Please advise how to get rid of the same.

Answer

You can ask for your credit report from the bank that rejected your loan application. The report will outline what exactly is reported by the bank in respect
to your credit account and enable you to take action. It
will necessarily disclose the facts regarding your credit history, like
delayed payments in the past, dues settled without write-offs on the
part of the bank.